Misallocation

1931 Packard Standard Eight Sedan

Sold at Mecum Auctions on Sept. 20, 2025, offered with no reserve.

$20,350Confirmed

The price as reported by the house. Hammer price $18,500, before the buyer's premium. Read from the house's results Oct. 14, 2026.

The car

Year
1931
Make and model
Packard Packard Eight
Generation
Eight (1924 to 1950)
Gearbox
Manual
Chassis
4632573
Condition
Good (3)Likely

Condition is our reading of the listing's description on Hagerty's 1 to 4 scale, not an inspection.

Against comparable sales

Below the middle half of 44 comparable sales, 35% under its bottom.

Middle half of sales$25,000 to $103,375
Median$61,920
Sales behind it44Likely

From 44 sales of the Packard Eight Eight (1924 to 1950) in our data over the last 24 months. Hammer prices, before buyer's fees. Half sold between $25,000 and $103,375.

Closest sales

Closest comparable sales
CarAuctionDatePrice
1931 Packard 845 Deluxe Eight Convertible Victoria by RollstonRM Sotheby's, Oct. 8, 2026RM Sotheby'sOct. 8, 2026$115,000
1930 Packard 726 Standard Eight SedanMecum, Sept. 23, 2026MecumSept. 23, 2026$20,500
1932 PACKARD 902 STRAIGHT EIGHT RUMBLE SEAT COUPEBarrett-Jackson, June 27, 2026Barrett-JacksonJune 27, 2026$120,000
1931 Packard Standard Eight Series 833 PhaetonBring a Trailer, Feb. 2, 2026Bring a TrailerFeb. 2, 2026$80,500
1930 PACKARD 726 STANDARD EIGHTBarrett-Jackson, Jan. 25, 2026Barrett-JacksonJan. 25, 2026$20,000
1930 Packard 726 Standard Eight SedanMecum, Dec. 5, 2025MecumDec. 5, 2025$13,000
1930 Packard 745 Deluxe Eight Dietrich Convertible SedanMecum, Aug. 15, 2025MecumAug. 15, 2025$130,000
1932 Packard Standard Eight Model 902 CoupeBring a Trailer, Aug. 5, 2026Bring a TrailerAug. 5, 2026$40,750